Indus Towers plans to reach 100 thousand solar installations by the 2029 fiscal year
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Business Standard
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Indus Towers plans to reach 100 thousand solar installations by the 2029 fiscal year

Indus Towers, India's largest provider of telecommunication towers, aims to equip 100,000 towers with solar panels by the 2028–2029 fiscal year (FY29). The company, supported by the Bharti group, plans to increase the number of such towers from the current 50,000 to 100,000, based on its base of 280,000 towers as of September 2026. The use of solar energy at Indus towers began in mid-FY24.

Currently, the installed solar systems generate 300 megawatts (Mw), which covers the power needs of existing sites and reduces the company's rising costs caused by increasing diesel fuel prices. This was reported by Managing Director and CEO Prachur Sah during a conversation with Gulvin Aulakh.

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Indus is actively using artificial intelligence (AI) to improve operational performance, which will eventually lead to reduced operating expenses. Sah also noted that the company's entry into the African market, covering three countries, is a long-term strategy aimed at building new towers at lower costs, making offerings attractive to African telecom operators.

Responding to the question about mitigating the impact of rising fuel costs due to the Middle East conflict, Sah specified that the 50,000 solar installations provide a total installed capacity of 300 MW. He stated that, according to their research, this makes them the largest company of its kind globally. Previously, the towers were powered by electricity, diesel fuel, and batteries, and the increase in solar energy usage started about two and a half years ago. The ambition to reach 100,000 solar towers by FY29 not only saves money but also reduces emissions.

Furthermore, in the first half of FY27, the company managed to reduce diesel consumption by 11% compared to the first half of FY26, thanks to a combination of solar energy, fuel, batteries, and the use of AI for energy management. This significant reduction is notable given the sharp rise in diesel prices, allowing them to offset the increased cost. Some sites in Jammu and Kashmir, for example, are completely self-sufficient, running only on solar energy and batteries without the need for diesel.

Expansion to batteries?

Sah added that two to three years ago, the company made a comprehensive decision regarding its energy operations, including the implementation of solar systems and the transition from old lead-acid batteries to lithium-ion ones. This process is ongoing, and all sites will be converted to lithium-ion storage in the coming years. The goal of this transition is to enable fast charging at the sites for energy storage, guaranteeing customers reliable, uninterrupted tower operation.

Regarding the use of AI in tower management, 3,000 towers were launched and 8,000 lease agreements were signed in the second quarter of FY27. The company has a healthy order book, and the rollout of the second client (Vodafone Idea) is also gaining momentum. There are no issues with land access rights. Sah emphasized that demand for towers will be stimulated by the growth in data usage, and the company meets the requirements of telecom operators. Internally, Indus uses AI to integrate all its towers, having full control over all electrical equipment at the sites. If a problem arises on a solar tower, the system automatically creates a ticket, and it is addressed immediately. Currently, nearly 250,000 sites transmit data in real time.

What is the expansion plan in Africa?

The company has begun operations in three African countries—Nigeria, Zambia, and Uganda—and has obtained the necessary licenses. The first installations took place in Uganda and Zambia in September. Africa is viewed as a long-term strategy: the company intends to pursue greenfield expansion, distinguished by lower capital expenditure per tower and reduced energy costs. This is a development plan for the coming years, as Africa represents a growing and promising market.

Concerning further expansion beyond these three countries, Sah noted that a decision will be made after the company solidifies its position in the current market.

Regarding the use of AI to improve tower management, he explained that active work is underway to change operating methods. The goal is to establish a standard service level for clients. The company uses AI-based image and video analytics to inspect sites, which increases production efficiency and safety, especially during critical events such as floods. AI is used for maintenance and site surveillance. Since many sites are connected, two-way communication is possible, which aids in inventory management. Additionally, all diesel generators are equipped with sensors that allow for real-time tracking of fuel levels, simplifying the determination of the required replenishment volume.

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Kajormal Jhaat's solar power plant has a capacity of about 600 kilowatts. The electricity generated by it is fed into the grid, while agricultural production continues on the same land. The feature of this model is that after installing the solar station, the land is not necessarily limited only to energy production; combining agriculture and energy production opens up opportunities to increase the efficiency of using one piece of land.

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Fourth Partner Energy secures ₹750 crore funding for renewable energy project in Maharashtra
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Reddy noted that integrating battery storage systems with hybrid renewable sources is an optimal solution for corporations wishing to maximize round-the-clock renewable energy consumption. He also specified that this financing marks FPEL's second large-scale energy storage initiative after a 500 MWh project implemented jointly with the Inter-State Transmission System (ISTS) project in Karnataka.

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As of September 2026, FPEL had an installed portfolio of 2 GW of solar and wind energy, with another 3 GW of projects under development across India. The company aims to reach a 9 GW portfolio by 2031, focusing on expanding its corporate client base and accelerating project execution.

This financing underscores the growing role of specialized lenders in supporting renewable energy projects that combine generation with storage. However, the extent to which such projects can provide round-the-clock renewable energy will depend on their operational structure, storage duration, generation profiles, and commercial terms agreed upon with clients. FPEL did not disclose the term of the financing, the interest rate, or repayment conditions.

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